Evidently, the fact that Republicans “only” control the House necessitates that they pass bills with Democrats support. Once again, House leaders passed a bill through the House with only a majority of Democrat support. As we noted yesterday, the Overseas Private Investment Corporation is a corporate welfare bank to subsidize foreign investment. 106 Republicans voted for it while 116 voted against it. This is yet | Read More »

We already have the Ex-Im bank, which ostensibly subsidizes foreign countries – often unfriendly ones – to purchase products sold by specific domestic companies. But even as conservatives seek to abolish it, the House is sneaking through reauthorization of its sister agency – Overseas Private Investment Corporation (OPIC) – under suspension. OPIC is in some sense the rear-view image of Ex-Im in that it subsidizes | Read More »